Stock trading can be an exciting game with high stakes. On some days, you may enjoy the benefits of positive and satisfactory numbers. However, on other days you may experience the opposite, and it may sometimes be extremely difficult to return to the point you were at your peak. If you find yourself constantly stuck in the gutter, you will have be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve experienced losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from fellow traders from around the globe, which is why we’ve found a platform that can support you in your improvement in the industry. This review will be taking a look at Profit.ly, a well-recognized all-in-one social platform for trading!
For those of you who prefer a more visual experience, here is a video review from Mark Gossage’s YouTube channel. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Is Profitly And Tim Sykes Plans Different
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of various levels to be knowledgeable responsible, transparent, and to build relationships with each other through its broad range of features and tools like trade verification, chat rooms and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for those who are just beginning their journey as well as a place for traders with experience to keep track of their performance with the help of sophisticated analytics tools. It provides users with a vast variety of tools for communication and trade, it helps traders from all walks of life connect with one another. It also allows gurus to make worthy investments within the boundaries that the site. Think of it as the social media equivalent to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the trades are valid and won’t accept fake news as long as it is possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes said that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been prior to.” The concept, he added, served two goals: 1.) making public records for all traders, not just the gurus as well as newsletter authors and students and secondly) making it possible for all users to be enlightened by both losses and wins to the benefit of the trading industry. Is Profitly And Tim Sykes Plans Different
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of tools and services that are geared toward achievement. You may set up an account there at no cost, however you’re limited to the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money to see what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s offers that we’ll review in the coming days.
Setting up an account is easy: create an account with your experience and skills, join to your brokerage account, and you’ll have an opportunity to make your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users a glimpse of their performance as a trading group and its gurus. You’re not just allowed to prove that you’re worthy to the large group of traders, but you can also utilize Profit.ly to purchase with a professional with the assurance that you’re comfortable with their expertise and the credibility of their claims.
If you feel uneasy with the idea of sharing the details of your broker account you can decide to share your trades, either verified or not, via photographs. Also included in Profit.ly are the vast number of courses in trading and the capability to see stats in a trader’s profile and other methods to connect with your gurus in the chatroom, along with email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” is a small business’s stock that trades for just less than 5 cents per share. Penny stock trading is an opportunity for small companies to move to a large marketplace as it gives them access to money from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes can surely tell thanks to his years of experience.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, made an estimated $6 million profits throughout his illustrious career as a trader. At the age of 25 Tim Sykes had received more exposure and a wider reach of influence when he was a part of the reality show “Wall Street Warriors.” He then took advantage of it to create trading rooms, penny stock themes, and educational material aimed at those who are new to trading. He also helped to establish Profit.ly as a place of transparency and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have earned substantial profits from their collective years of knowledge. Is Profitly And Tim Sykes Plans Different
At its height, Profit.ly had housed up to five gurus. Each of them a pro within their particular field in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, however, only two gurus remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 for a month you’ll be able to see him focus on the basic stock catalysts and employ them to anticipate the next moves that could occur when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS as well as Android devices, as well as texts, emails and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. At $149.95 for a month it is an ideal plan for those who are committed to the penny-stock market. Pennystocking Silver comes with all the standard features of prior plans, including alerts for swing trading and access to an extensive collection of more than 7,000 educational videos and new videos released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Is Profitly And Tim Sykes Plans Different
The Superman Alerts plan is an package of vital features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist along with the mobile application, daily market updates in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base of information provided by Superman himself via his Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. Additionally, you’ll also get an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of resources to get you up and running. The platform has three membership tiers that are designed to accommodate traders with different levels. Let’s look at what the three are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. When you sign up for this package you’ll be offered a range of strong and essential trading tools, all of which is essential to keep your fingers on what could call a ruthless process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice package include the ability to confirm trades and track profits; leading, following and even texting your fellow traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze your trades, sort and filter your trades; and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per month. While it may look attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your actions public. If you’re looking to gain the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to use many of the features of The Novice package. It is in this plan that you are able to create an individual profile that allows you to share with other associates all your insights and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to develop their skills in trading. While it’s nice but there’s one important element that’s missing. In contrast to the Novice package, you won’t be able to see other traders’ stats, which could be a problem for those who are eager to try this new tier. Is Profitly And Tim Sykes Plans Different
Pro Plan
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. It costs $74.95 per month, which includes an additional 22% discount for annual billing the Pro plan has it all. You get full, no-holds-barred access to all the features of the prior plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the chance to create an individual profile. Both of these options, in addition to the advantages that you can utilize to the maximum extent. If you’re in search of an account that will give you with everything you require as trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly has a few more services it has to offer. One of these is its online store, which lets users pick from a range of instructional videos that are designed to inform and provide guidance on the nuances and pitfalls of trading. The products listed in this section of the website is available to be bought immediately for your personal use. Some of these include bestsellers like the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and other aspects of trading. There are also clips and footage taken from The Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are as well part of Profit.ly’s range of services and features. You may be familiar with the chat room since you can find it throughout messaging and social platforms, as well as some specialty websites that offer live chat assistance. But on Profit.ly, it is seen as a space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members. Some may be a laid-back person who is less active, while another might be more online and communicative with their students. Think of chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock trader types, from novices to the most experienced. With the variety of deals it has to offer this platform definitely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s library of learning content offered throughout the platform. In addition, they will be provided with videos every week and chat room advice from the in-house experts and members. Additionally, they can pick from the merchandise available from its online store for them to take wherever they go. You can also get hands-on experiences by trading through the platform, however they’ll be able to realize that the process is a high-stakes game that shouldn’t be treated as a joke.
For those traders who have had many years of experience down the line, we believe Profit.ly as equally as suitable to people who are just beginning. While the newbies may not be as well-equipped with dealing with trading issues however, experienced traders know how it works along with the stack full of risks that come with it. It is ideal to make use of Profit.ly’s array of features to their best advantage to enhance their trading abilities. Like beginners, they can study from the gurus and experts , and use those simple tips and hints throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Certified experts can also take part in the excitement! People in the trade industry who are at an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to help guide them through the ever-illustrious trading process. Is Profitly And Tim Sykes Plans Different
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with an abundance of knowledge, communication, and trading tools
- You get to be taught by experts and insights from its inside experts, as well as collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking images
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates There is truly something for everyone
The Cons
- Profit.ly’s numerous products and packages offered might not be enough for a lot of its users
- Since traders can choose to post any kind of trade, there’s the possibility that some of them could profit from cherry-picking the best trades to increase the rating this could be a concern that should not be ignored.
- Profit.ly will not allow refunds because its premium users are expected to immediately benefit from the many features the platform is able to provide
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The Final Concluding Question is: Is Profit.ly worth it?
If we were able to come up with the answer, it would be an affirmative “yes”. However, you must realize that the platform should not be used as a quick-fix scheme to make money. The platform was not always meant to be designed to achieve this goal. Instead, it is best to keep curiosity. Is Profitly And Tim Sykes Plans Different
What we do mean by ‘yes’ is that it can be a great learning tool. People who are stuck may find Profit.ly’s variety of resources to be helpful in their efforts to incur lesser loss and perform better than before. It’s not only the poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly care about being a better trader and want to be taught by your peers and experts along the way, then take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Is Profitly And Tim Sykes Plans Different
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion within the ‘My Trade’ category of the dashboard that lets you post your trades, either verified or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades using the spaces provided and details
- Take a photo of your transactions
How can I tell whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there’s the probability that it’s verifiable. This is evident by the small blue check. If you submit it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving downvotes from fellow peers. Too many downvotes may result in you appearing on the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities on the stock market both right and left.
